High-risk and non-cooperative jurisdictions

19 September 2014

The Financial Action Task Force
(FATF), following this summer’s meeting in Paris, under the Russian presidency,
released the list with the jurisdictions that are willing to meet compliance
criteria in relation to Anti-Money Laundering (AML) and Counter Terrorist Financing
(CTF). Furthermore, it is worth noting that
five new jurisdictions namely, Kenya, Kyrgyzstan, Mongolia, Nepal and Tanzania are
no longer subject to the FATF’s compliance, as they have all established
regulatory framework to meet the criteria of FATF’s.